Google stock has jumped 60% this year

  • Google plans to reorganize a large part of its advertising sales unit
  • It is unclear whether the reorganization will include job cuts
  • The restructure comes during a time when machine-learning techniques are helping the company sell ads
  • Alphabet stock rose 3.2% on Wednesday to $141.07, its highest close since April 2022
  • The stock has risen 60% this year.